by our College Data Analytics TeamHere you will find what students actually borrow to attend International Barber College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At International Barber College, 39% of freshmen borrow to help pay for their first year, with a typical loan of $8,389 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $8,389. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at International Barber College, 43% borrow through federal student loan programs, at an average of $8,226 a year. It comes to 1.9% under the $8,389 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $16,452 across two years and $32,904 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $8,226 |
| Undergraduates with a federal loan | 34 |
| Total federal loans (one year) | $279,670 |
The middle borrower at International Barber College owes $16,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $16,500 |
The indicators below describe what the typical debt costs to pay back at International Barber College.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $15,249 |
Subsidized vs. Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Worth Knowing
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.